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Problem 1: Which of the following statements regarding recapture is true? Any why?
A. Recapture occurs when there is a positive balance in a class pool, even if there are assets remaining in that class pool.
B. Recapture occurs when there is a negative balance in a class pool, even if there are assets remaining in that class pool.
C. Recapture may be deducted from business income.
D. Recapture only occurs when there is a positive balance in a class pool and that pool of assets is empty.
NM Company estimated the following costs for the coming month: Fixed overhead costs $10,000. Find prime costs
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